The major ethereum gathering is set to take place in the Mile High City on Valentine’s Day weekend and will now feature an appearance by Colorado Gov. Jared Polis. The crypto-friendly former U.S. congressman will participate in a fireside chat along with other undisclosed state officials.
Next month’s ETHDenver conference will have the support of the Colorado state government.
According to ETHDenver organizer John Paller, it’s the event’s first official partnership with state government.
“This is the first time we’ve had the Governor’s office and total body of state agencies in support of building a bridge between the web3 community and the Colorado state government”, Paller told CoinDesk. “This is the beginning of a massive collaboration that’s not been seen before in the space.»
Announced Wednesday, Colorado officials will organize a series of presentations, workshops and hackathons as part of ETHDenver’s “Advance Colorado” track.
“We are excited about the Colorado Government track at the ETHDenver Hackathon, the upcoming Bount-a-thon, and Colorado Digital ID via myColorado and look forward to identifying more innovative solutions that solve real-world problems here in Colorado”, Russell Castagnaro, director of digital transformation at the Governor’s Office of Information Technology, said in a statement.
ETHDenver, arguably the most important ethereum conference in the U.S., will host a series of educational events up and down the Front Range, from Colorado Springs to Fort Collins, in the week leading up to the main event.
This reporter, as well as members of CoinDesk’s video team, will be in attendance Feb. 14-16.
CoinTracker Adds 6 Industry Partnerships for Its Crypto Tax Reporting Tool
CoinTracker has partnered with a number of prominent blockchain industry firms, opening its cryptocurrency portfolio tracking and tax reporting product to more users.The Y Combinator-backed firm built by former Google employees was added by crypto derivatives platform ErisX as service partner on Wednesday. That came alongside five other business relationships added in recent weeks, including bitcoin security firm Casa, crypto finance protocol Compound, trading platform Crypto.com, decentralized Ethereum exchange IEDX, and bitcoin rewards platform Lolli.
With reporting taxes on cryptocurrency transactions notoriously complex even for experts, the firm aims to simplify that process within its tax calculator tool that automatically outputs reports for users.
Talking of the new partnerships, Chandan Lodha, co-founder at CoinTracker, told CoinDesk «the breadth of integrations means we can serve more crypto users and more types of crypto users from hobbyist dipping their toes into crypto via bitcoin rewards like Lolli all the way to advanced traders.»
With over $600 million in capital losses claimed on behalf of their users, the new partnerships were providing solutions for many different types of clients, he added.
The company also says it recently passed what it considers to be the major milestone of more than 100,000 active users, with more than 175,000 connected wallets and exchanges, as well as $20 billion in transaction volume tracked so far.
Ultimately, CoinTracker says, by helping people report their taxes with simple tools, those in the mainstream who view crypto as a tool used for illicit activity will start to understand it’s a legitimate means of value transfer among law-abiding citizens.
«As more users and regulators see that the vast majority of cryptocurrency use is by everyday people for completely legal transactions and people are crypto tax-compliant, this only helps increase faith and legitimacy of the cryptocurrency industry as a whole,» Lodha said.
«Our hope is to show people that cryptocurrency is actually regulated and you can be tax compliant pretty easily,» Lodha added.
On March 21, U.S. Secretary of the Treasury Steve Mnuchin announced the usual tax return deadline of April 15 has been extended to July 15, allowing taxpayers and businesses additional time to file and make payments without interest or penalties during the economic turmoil prompted by the coronavirus outbreak.
